Wunderlich Securities Comments On Virgin Media (VMED)

Wunderlich Securities provided color on Virgin Media VMED in a research report published today. Wunderlich Securities has previously given Virgin Media a Buy rating and $32 price target. In the report, Wunderlich Securities states, "We recognize Virgin's enviable network advantages by according a premium (2.5%) LT growth rate relative to U.S. names, with the overall valuation driven off an approach that is linked to the FTSE 100. That said, the seasonal momentum hiatus in Q2 and a fuller valuation relative to U.S. names could constrain VMED's relative performance for U.S. investors sans further Sterling appreciation relative to the dollar." Shares of Virgin Media were trading at $29.50 at the time of posting, up 1.79% from Wednesday's market close.